â ïž Donât Fall for the Bull Trap! â ïž
A quick tip: What youâre seeing right now could be a classic bull trap. The prices of certain cryptocurrencies can spike by 5%, 10%, or even 15%, tempting investors to buyâonly for the prices to suddenly drop.
What should you do?
If youâre buying the dip (which is a good strategy), avoid selling out of fear when the market pulls back. Instead, hold your position. Whether itâs in a day, a week, or a month, prices will likely bounce back.
Key takeaway:
Donât let fear drive your decisions; be rational in all your decisions.
